About seven months ago I wrote a first article on London Mining (OTC:LIIGF) and went on record stating the company was severely undervalued and should be trading much higher. Unfortunately since that article the share price tanked and has dropped by approximately 50% after a short-lived run-up of 20%. I'm obviously surprised by this drop and this article is meant to follow-up on the previous one with new calculations to see if my assessment was wrong.
I will provide a background of Marampa and will explain why I think the share price went south and why investors shouldn't panic yet. To back up my claim I will make an attempt to calculate the fair value of the...
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